Iran’s TPOI to open offices in 10 countries

Business Materials 6 July 2014 12:22 (UTC +04:00)

Tehran, Iran, Jul. 6

By Milad Fashtami - Trend:

Trade Promotion Organization of Iran plans to open up offices in 10 countries.
Deputy Director of TPOI Mir-Aboutaleb Badri said on July 6 that the organization plans to boost its cooperation with European states, Iran's Mehr News Agency reported on July 6.

"TPOI will open offices in Lebanon, Iraq, Afghanistan China, and Russia in near future," he said.

"Iran's exports to Europe are expected to increase by 40 percent," Badri added.

He went on to note that the country has set the goal to export $47 billion worth of goods in the current Iranian calendar year (to end March 20, 2015).

Iran's foreign trade amounted to $24.245 billion in the first three months of the current Iranian calendar year (March 21 - June 20), Iran's Fars News Agency reported.

Iran Customs Administration's latest report suggests that the figure shows 27 percent increase compared to the same period of time previous year.

Iran's non-oil exports accounted for $11.859 billion of the mentioned amount.

The figure is 20.53 percent more than same period previous year.

The country also imported $12.386 billion worth of goods in the spring, which is 35.63 percent more than last year.

According to Iran Customs Administration, the country's total non-oil exports to foreign countries (excluding gas condensates) stood at $31.332 billion in previous year (which ended on March 20), while the country's total imports amounted to $50.818 billion.

The figures mark annual trade balance of -19.486 billion dollars for Iran.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).